On Monday, Shares of Yamana Gold Inc. (USA) (NYSE:AUY), added 2.46% and closed at $3.75 in the last trading session. The last trading range of the stock ranges between $3.71 and $3.82. The company’s Market capitalization is $3.53 Billion with the total Outstanding Shares of 947.60 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.38 and reached to max level of $5.99. YAMANA GOLD INC. (YRI.TO)(AUY) (“Yamana” or “the Company”) will release its third quarter 2016 results after market close on October 27, 2016 followed by a conference call and webcast on October 28, 2016 at 9:00 a.m. ET.
Barclays PLC (ADR) (NYSE:BCS), dropped -0.58% and closed at $8.53 in the last trading session. The last trading range of the stock ranges between $8.48 and $8.57. The company’s Market capitalization is $35.96 Billion with the total Outstanding Shares of 16.91 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $6.76 and reached to max level of $15.81. Barclays Bank PLC (“Barclays”) declared recently that the iPath® MSCI India IndexSM Exchange-Traded Notes (the “ETNs”) have been determined to be subject to certain regulations and recent circulars issued by the Securities and Exchange Board of India (“SEBI”) regardingoffshore derivative instruments linked to Indian equity securities. These regulations and circulars include requirements that cannot be complied with in the context of the ETNs. As a result, SEBI has advised Barclays not to issue additional ETNs and that the positions being held in the ETNs may only continue until December 31, 2020.
Barclays formerly restricted further sales from inventory and further issuances of the ETNs in 2009. Barclays is presently considering steps to comply with the SEBI decision by December 31, 2020 and will make a further declarement in due course. These steps may result in the ETNs ceasing to be listed and publicly traded.
This declarement may cause fluctuations in the price of the ETNs in the secondary market, and it is possible that the market price of the ETNs may at any time reflect a premium or a discount to the daily redemption value of the ETNs. Shareholders should exercise extreme caution before purchasing or selling ETNs at a time when market prices are volatile or when a premium or discount to the daily redemption value exists.